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M&G: Italian Court Rules Against Invista PET Patent
(Monday, July 28, 2014) M&G Chemicals announced July 23 that the Court of Milan has confirmed its ruling against Invista Technologies S.à.r.l. declaring in a first instance the nullity of the Italian counterpart of Invista's patent relevant to barrier resin products.
Mitsubishi Chem Restarts Naphtha Cracker After Repair
(Monday, July 28, 2014) Japan's Mitsubishi Chemical Corp said on Monday it restarted the 539,000-tonnes-per-year (tpy) No.2 naphtha cracker at its Kashima complex in eastern Japan on Saturday, a day earlier than planned following unscheduled repair work.
Goldman in Preliminary Deal to Buy 30 Pct of Turkey's Petlim Port
(Monday, July 21, 2014) Goldman Sachs signs a preliminary agreement with Socar's Turkey unit to buy a 30 percent stake in the country's largest integrated port for $250 million.
Founder of Brazilian Conglomerate Odebrecht Dies, Paper Says
(Monday, July 21, 2014) Norberto Odebrecht, the Brazilian engineer who built a global construction group with interests in petrochemicals, defense and shipbuilding, dies at the age of 93.
Britain Guarantees Grangemouth Petrochemical Loan
(Thursday, July 17, 2014) Britain says it will guarantee a 230 million pound ($394.2 million) loan for Grangemouth petrochemical plant in Scotland.
CB&I Wins Contract for Oman MTBE Unit
(Wednesday, July 16, 2014) CB&I's scope of work includes the license and engineering design of three units in addition to the previously announced award for its ethylene technology and front end engineering and design (FEED) services.
Mexichem to Operate $650 Mln Cogeneration Plant for Pemex
(Tuesday, July 15, 2014) Mexican chemicals company Mexichem said on Tuesday it expects to start operating a $650 million cogeneration power plant for Mexico's state oil company, Pemex, in the first half of 2018.
Tianjin Port Says Finds No Petrochem Fraud Following Media Reports
(Monday, July 14, 2014) China's Tianjin Port Holdings has found no evidence of an alleged fraud involving petrochemicals reported by media earlier this month, the company said in a statement on Monday.
German Green Energy Law Clears Final Hurdle
(Friday, July 11, 2014) Germany's upper house of parliament, the Bundesrat, approved on Friday revamped legislation on funding renewable energy, clearing the way for the law to come into force on Aug. 1.
M&G Applauds Decision on European PET Barrier Bottle Patent
(Thursday, July 10, 2014) M&G Chemicals, part of the Mossi Ghisolfi Group (M&G), announced Thursday that the European Patent Office (EPO) Appeals Board has revoked Invista Technologies S.à.r.l.'s patent relevant to barrier resin products, in the 8 July 2014 Appeal Proceeding.
German Chemical Industry Confirms Outlook for Growth
(Wednesday, July 09, 2014) German chemicals trade group VCI on Wednesday confirmed its forecast for industry revenue growth of 1.5 percent in 2014 on strong demand from customers in Germany and other European markets.
EU Reaches Deal with Germany on Green Energy Law
(Wednesday, July 09, 2014) European Union authorities have reached a deal with Germany on how to make its proposed green energy law compatible with EU state aid rules, the bloc's antitrust chief said on Wednesday.
Japan's Showa Denko Halts Naphtha Cracker After Compressor Problem
(Tuesday, July 08, 2014) Japan's Showa Denko KK said it halted its 691,000 tonnes per year naphtha cracker in Oita, southwestern Japan, on Tuesday afternoon following a problem with the compressor.
Polynt Makes Offer for Total Unit CCP
(Monday, July 07, 2014) "The composite resins business is highly specialized and not integrated with Total's petrochemicals operations," commented Patrick Pouyanné, President of Total's Refining & Chemicals.
Oxea Declares Force Majeure at Texas Intermediates Unit
(Friday, July 04, 2014) Oxea Corporation announced Friday that it has encountered a significant production issue at its Bay City, Texas facility.
Companies Break Ground on China MDI Plant
(Thursday, July 03, 2014) BASF, Huntsman, Shanghai Hua Yi (Group) Company, Shanghai Chlor-Alkali Chemical Co. Ltd. and SINOPEC Group Assets Management Corporation held a ceremony Tuesday kicking off the construction of a crude MDI plant.
Petrochemicals Latest China Commodity To Be Hit By Potential Fraud
(Thursday, July 03, 2014) Chinese petrochemical imports have become the latest commodity financing tool to come under investigation for possible fraud, highlighting the risks from the widespread use of raw materials as collateral to raise loans and skirt credit restrictions.
Argus: US to Become Net Propylene Exporter by 2017
(Wednesday, July 02, 2014) Propylene production is undergoing a dramatic shift, with the US expected to become a net exporter by 2017, according to a new study released by global energy news and price reporting organization Argus.
Petronas Receives IChemE Accreditation
(Wednesday, July 02, 2014) PETRONAS has become the first organization in Malaysia to receive accreditation for its company training scheme by global professional body, the Institution of Chemical Engineers (IChemE).
US Specialty Chemicals Leader Renews Plant Services Contract with CB&I
(Tuesday, July 01, 2014) CB&I announced it has been awarded a contract renewal valued at $110 million by a leader in the global specialty chemicals industry for long-term maintenance, operations, engineering and other industrial services at multiple facilities.